Bitcoin Vs. Ethereum Vs. Shiba Inu Vs. Doge: How Much You Would Have Now If You Had $1,000 Invested In Each Of The Crypto At Start Of Current Bull Run
Portfolio Pulse from Shanthi Rexaline
Cryptocurrencies have seen significant gains since late last year, with Bitcoin, Ethereum, Shiba Inu, and Dogecoin all showing impressive returns since the start of the current bull run. The rally, initially stalled by SEC approval of a spot Bitcoin ETF, resumed with optimism over wider crypto adoption. Bitcoin's recovery began in 2023, notably after breaking a key resistance in late October. Ethereum, Shiba Inu, and Dogecoin also posted strong gains, with investments in each of these cryptos since late October yielding returns ranging from 98% to 325%.
March 10, 2024 | 8:48 pm
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POSITIVE IMPACT
Bitcoin has shown a remarkable recovery since late 2022, with a significant rally beginning in 2023. An investment of $1,000 in Bitcoin at the end of October would now be worth $1,975.87, marking a return of about 98%.
Bitcoin's recovery and subsequent rally, particularly after breaking the $30,000 resistance, have significantly increased its value. The optimism surrounding the spot Bitcoin ETF and wider crypto adoption have contributed to its strong performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dogecoin has also seen substantial gains, with a $1,000 investment at the end of October now worth $2,623, a gain of 162%.
Dogecoin's performance reflects its growing popularity and the general bullish sentiment in the cryptocurrency market, contributing to its impressive return.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ethereum has been a silent performer, with a $1,000 investment at the end of October now worth about $2,150, translating to a return of about 115%.
Ethereum's performance, while not as publicized, has been strong, with significant gains attributed to the overall bullish sentiment in the cryptocurrency market and its position as the second-biggest crypto.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Shiba Inu, despite being late to the rally, has made strong gains, with a $1,000 investment now worth $4,250, a return of 325%.
Shiba Inu's significant return is indicative of the meme coin's popularity and the speculative interest driving its price, alongside the broader crypto market rally.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100